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Investors sold shares of iShares MBS ETF (NASDAQ:MBB) on strength during trading hours on Thursday. $33.32 million flowed into the stock on the tick-up and $99.42 million flowed out of the stock on the tick-down, for a money net flow of $66.10 million out of the stock. Of all equities tracked, iShares MBS ETF had the 3rd highest net out-flow for the day. iShares MBS ETF traded up $0.11 for the day and closed at $105.10
The business also recently declared a monthly dividend, which will be paid on Thursday, February 7th. Stockholders of record on Monday, February 4th will be paid a $0.29 dividend. This is an increase from iShares MBS ETF’s previous monthly dividend of $0.08. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date is Friday, February 1st.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. High Falls Advisors Inc grew its holdings in shares of iShares MBS ETF by 282.4% during the third quarter. High Falls Advisors Inc now owns 107,997 shares of the company’s stock worth $11,159,000 after purchasing an additional 79,753 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of iShares MBS ETF by 18.3% in the second quarter. Bank of New York Mellon Corp now owns 290,876 shares of the company’s stock worth $30,303,000 after buying an additional 44,999 shares during the period. Morgan Stanley grew its holdings in iShares MBS ETF by 8.0% during the 3rd quarter. Morgan Stanley now owns 2,238,905 shares of the company’s stock valued at $231,347,000 after buying an additional 166,178 shares in the last quarter. HL Financial Services LLC purchased a new position in shares of iShares MBS ETF in the 3rd quarter worth approximately $217,000. Finally, Protective Life Corp purchased a new position in iShares MBS ETF during the 3rd quarter valued at $12,561,000.
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iShares MBS ETF Company Profile (NASDAQ:MBB)
iShares MBS ETF (the Fund), formerly iShares Barclays MBS Bond Fund, is an exchange-traded fund (ETF). The Fund seeks investment results, which correspond to the price and yield performance of the Barclays Capital U.S. MBS Index (the Index). The Index measures the performance of investment grade mortgage-backed pass-through securities issued by the Government National Mortgage (GNMA).
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